In a report published Wednesday, Citigroup analyst Kate McShane reiterated a Buy rating on

(NYSE:

), and raised the price target from $51.00 to $52.00. In the report, Citigroup noted, “While DSW reduced FY14 comp guidance to ~flat, we see potential for Q4 comp improvement for 3 key reasons: 1) Q3 comps were negatively impacted by the govt shutdown & extended warm weather, similar to other retailers, but trends improved in the last 2 weeks of the qtr when weather got colder; 2) Guidance implies a ~-LSD–flat comp decline in Q4 which appears conservative based on +MSD conversion trends and weather imprvmt; & 3) DSW has the ability to chase up to a +MSD comp.” DSW closed on Tuesday at $44.95.